Economy and Markets: How is the US economy doing? Three graphics show warning signs
M&G Investments, in its Halloween spooky charts, analyzes warning signs for consumption, inflation and the real estate market that only become apparent at second glance.
The US Commerce Department announced that the country's GDP grew at a 3.4% annual rate in the third quarter, the largest quarterly increase in a year, driven by private consumer spending and business investments. However, M&G Investments has identified three warning signs that could negatively impact US economic growth, including a growing gap between consumer spending and income, rising refinery costs, and low sales of existing homes.
The firm's Investment Director, Joe Sullivan-Bissett, notes that these trends could lead to inflation and economic problems, and that a decline in home sales and moves could have far-reaching effects on various industries. M&G's concerns come despite the positive GDP growth, suggesting that the US economy may not be as strong as it appears.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Fuel prices: Where do drivers benefit most from the tank discount? handelsblatt.com
